3iQ’s Canadian Bitcoin Fund Hits C$1B in Market Cap
The digital asset manager also reached C$1 billion in net asset value this week.
3iQ’s Canadian Bitcoin Fund Hits C$1B in Market Cap
Canadian 3iq Corp bitcoin fund (TSX:QBTC.U) listed on the Toronto Stock Exchange has reached over CA$1 billion (US$785 million) in market capitalization.
- Canada-based digital asset manager 3iq Corp’s QBTC fund passed another milestone reaching CA$1 billion in net asset value on Jan. 14.
- The first bitcoin fund listed in Canada, 3iQ spent three years in dialogue with the Ontario Securities Commission before it received approval for its fund.
- The Gibraltar Stock Exchange listed 3iQ’s closed-end fund in September, five months after it was first listed in Toronto.
- On Monday, Arxnovum Investments Inc. filed documents for the “Arxnovum Bitcoin ETF” applying to list on the Toronto Stock Exchange under the ticker “BIT.U.”
- Shaun Cumby, CEO of Arxnovum Investments previously held the position of CIO at 3iq Corp was behind the launch of QBTC.U.
